where your entourage and security can stay while you're looking at diamonds. >> got it. >> this is the hard asset investment. >> that's for sure. look for that tomorrow night here on cnbc. thank you, everybody, for being with us today. appreciate it very much. >> it was a pleasure. >> kelly's back with us tomorrow. "fast money" is coming up in just a few seconds. >> melissa lee, you going to buy one of those watches? >> i'd rather have a piece of property. anybody buying any something, keep that in mind. "fast money" starts right now. live from the nasdaq market site overlooking times square, i'm melissa lee. stocks losing steam into the close but there are two red flags that jumped out at us today. red flag number one, the selloff in biotech. gilead with concerns over hep-c drugs. and vertex. the biotech etf closing down more than 2% today. our own brian kelly said could

happen friday on "fast money." >> if you look at the way it traded today, we've had this massive spike and reversal. doesn't matter what the stock is, what the sector is. when that happens, that tells you the buying interest is starting to wane out playly when it goes parabolic. >> now what, brian kelly? >> retweet. >> i mean, you just stay away from it, right? a couple things out here. one, it did go parabolic. we've come back. it's going to take another month for this to resolve itself. there's another couple other warning things. another thing happened today. look at the transports today. the rails got killed on some bad news out of kansas city southern. we'll talk about that later. and you also had the chicago fed national activity index come in showing the three-month average for the economy slowing. so there's a lot of things out there that say to me now is not the time to be jumping in the u.s. stock market. particularly the high fliers like the biotech. let it sit for a month.

>> is this a barometer in this market, pete najarian? >> i think when you talk about getting off the gas right now, look at biogen. look at the move it just made. this stock was up 40% in a short period of time. still up around 35%, 36%. yes, some of these names i think are they over-extended? probably a little bit. i think this is very disciplined in the terms of the downgrade today after the move it's made. when i look across at the biotech names, i still look at them and look at a pe with the exception of one all underneath 20. these are real stories. they have pipe lines but also real earnings. these are companies i think you could still own. you don't have to chase them, but i think you could own all of them. >> it's impressing how they're doing. we had a bullish call on pfizer this week. so it's not just bioteches. it's also more broadly pharmaceutical companies. >> pfizer since the acquisition, they seem to have their act together in terms of the stocks. just in terms of pete said now.

we get a lot of pushback, biotech in a bubble. 35% have little or no earnings. i think we all understand that. but to pete's point, the main names that we speak about, the eight to ten names we talk about all the time on this show are very reasonably priced, have fantastic pipe lines, have great drugs out there. and all of them just about have unbelievable balance sheets as well. so great point on friday. we've seen action like this before in the ibb. i think it will last a couple more days but i think the bioteches are in a happy place. >> against that late february high of 2119 in the s&p, that's where the market topped out. we're within points of that today. people want to lock in their points. ibb up 20% year to date. where are you going to take the profits from? where you have the profits. >> what happens, though, to the nasdaq at this point? it was pushed to the new

intra-day high. >> are we in another one of these rotations? we've watched microsoft understood perform all year. it looked like there was a bid to it. you wonder are we going to rotate somewhat out of some of the bioteches and into some of the big cap tech names? >> are you rotating? would you rotate? >> bk and i were laughing about this earlier. there are only certain areas of the market i owned for a long period of time. one area i've owned, big pharma names. the other area, apple. i've owned a lot of these areas for four years to 20 years. i think there are other areas that we're talking about rotation, sure. i think rotation into some of these tech names is a great opportunity. >> so biotech, buy what? >> actually, the tech names are any multinational. i had the few in the correctional phase, it's going to get weaker. are probably a buy here, tech is a big part of it.

i think that's not a bad place to be. >> so red flag number one was biotech. red flag number two, oil. hovering around the flatline this morning after jumping higher 2%. crude prices have now climbed 9% in the past week. have we finally seen a bottom in oil? joining us now is dennis garbin. nice to see you. have we seen a bottom? >> it doesn't seem we have possibly seen the bottom. we've seen the front today gain on the back months. you had an outside reversal in crude oil last week. now you're starting to take outside reversals. you're getting a change in the dollar. so i had been manifestly bearish of crude oil for a long period of time. but i have to tell you, i think the time has come to change. it's interesting. you traded higher today after overtly bearish news from the saudi oil minister who started the oil market on the downside today indicating that he and the

emirates had no intention of curtailing production. they were going to continue to defend their market share. thap was manifestly bearish and yet the market closed higher. one of the oldest rules in the training book is that a market that gets bearish news and doesn't go down might not be bearish any longer. pay attention to that. outside reversal days, outside reversal weeks, changes in the dollar and the term structure shifting. i've been bearish for a long time. time to stop for awhile. >> if we have likely probably seen a bottom for oil, is the corollary to that that we've probably seen a top in the u.s. dollar? >> i think you actually have seen a top in the u.s. dollar that maybe rather material for a long period of time. the fact you changed the manner in which the foreign exchange markets rate you had an outside reversal talking in technical terms, an outside reversal to the upside for sterling last week. you had reversals for the dollar against the canadian dollar, against the australian dollar, against the kiwi.

you had changes in the dollar. things are shifting in the foreign exchange market. that has been one of the driving forces in all the capital markets and suddenly in the past five, six, seven days you can sense a change taking place. and i think you have to pay attention to that fact. no question. >> hey, dennis. bk. i'd like to talk about oil again. so, a lot of people are -- listen, i agree with you. i'm long commodities which is mostly oil. but let me take the other side. a lot of people running around with hair on fire saying the crude reserves web the crude storage is all going to be filled up. then all of a sudden they're going to plummet down to $20. how does that fit into your more bullish view on this? >> i was one of the arguers making that point. and we are, in fact, going to top off wti crude oil in cushing, oklahoma. we're going to top that off. we're going to top off the amount of crude oil in the gulf. and there is the possibility that you get to that point where continued production of crude even though rig counts are falling off the edge of a cliff

are going to continue. in the past five or six days and i was one of those people making that argument we get a panicked liquidation, it doesn't seem like we will. i've been bearish since over $100. i thought we'd get down below $25. now i don't think we're going to do it. now it looks like $40 to $45 seems to be the base. >> 15 seconds. does this mean you're a buyer of crude? >> not yet. it's hard to turn from bearish of crude to buyer of crude. i'll be neutral for awhile. but if we start breaking trend lines, if the outside reversals hold with, if the structures go in favor, then i might. the first thing is go to neutrality before you become bullish on something. >> got it. thank you. >> thanks. >> dennis gartman. guy, what do you think? we've seen the bottom in oil? >> i don't think so yet. i think the fed did a great job of jawboning the dollar from the upside.

they succeeded. now the dollar/euro is about 1.10-ish. so i think they stopped things but they slowed things down. i don't think they stopped things. yes, dennis is probably right. i saw the technicals he did, but once the dollar starts back on the run higher than i think it will, i think crude goes back down. >> i think dennis is right on. it's all about the fundamentals. this dollar can move. it's probably a two-month event. if you can tolerate it, i think the dollar will back track and oil will do the same. >> and you're still long commodities overall? >> still long commodities. i agree with grasso where people start making bets that the run is over. commodities should go higher. >> give me equity plays. >> in the short-term, conoco phillips. we have not seen a lot of these names pop up in our systems. we had a lot of the airlines trade. now today suddenly out of

nowhere we see some conoco phillips buying out there. maybe these integrated names short-term have a chance -- >> meaning what? >> i'm talking like weeks at the most. not months, weeks. >> all right. lululemon taking a hit after an analyst cut his price on the yoga wear stock. we'll debate it. and pit boss sees a lot of weird things during the trading day. he'll tell us the most unusual activity he spotted in today's trading. and a documentary bully. catching the eyes on wall street. we've got debate between the film maker and executive on yelp coming up on "fast." >> they would say things like they would help us manage our reviews. >> they call a couple of times and we told them no. probably six, seven hours later, three or four of my good reviews were gone and two other one-star review appear.

♪ hope young children are shielding their eyes. ♪ i hope young children are shielding their eyes. they told you in your ear.

anyway, rough day for lululemon kicking off for top trades. price target loadered to 55 from 58. saying the weak start to the year will lead to cautious orders and cautious guidance. a hold rating on the stock. >> this is a stock struggling. currently it's at 65. it's just too competitive a landscape out there for lulu. now it's in the show me state. so there's too much competition from nike, gap stores, all around in this competition. so i would say lay off of this one until it trades above 65. >> remember goldman cut this a couple weeks like. which do you like? >> i like them all. i do like lulu. but i understand all the reasons. but when you look at the revenue growth, this turnaround story has been really impressive. and the direct to consumer growth. now it's 18% of their total revenues. this is a company that's found a way to turn things around.

do they have the momentum to produce even more? that's going to be a dicey call for me. i like the stock though. >> would you rather? >> oh, let's do it. >> lululemon or foot locker? >> oh. well, i think i would rather foot locker, actually. just because it has a little more exposure to the trend of people wearing sneaks. i know you wear sneakers every day. i would take this opportunity to update under armour. i liked them when they bought the my fitness pal app. you buy nike instead. >> so you did a switch in the would you rather. >> exactly. the old switcheroo. >> next up, facebook, instagram showing layout being able to create photo collages. this is the second creative app to come out of instagram in the past months. and facebook is holding a conference that will feature

every developer product and company including instagram, messenger, oculus. >> finally getting its mojo. for the longest time had a hard time getting through 80 bucks. the last four or five quarters have been spectacular. they continue to move to mobile. margins are very good. all the metrics work. the stock hasn't worked until recently. i think it continues to rally into the april earnings report. we talked about instagram last week. talked about how they basically sold it. i think the stars are lining up for facebook and the stock is finally following suit. >> they're trying to do is lot more. they're trying to monetize their platform and have that pay back and forth on it. but only for users of facebook. they're also trying to get a lot more like twitter. with twitter's pub. they're trying to get their ads seen other places not only on their new york or website. so right now twitter up 35% year

to date. >> time for some unusual activity. check out with pit boss here. >> today they're coming right after the weekly calls. these expire on friday but they were coming for the 20.5 calls. this is a stock that made a really nice move from $16 up towards $20 just in the month of december. been hovering there ever since. somebody making a bet today up to 36 cents for some of these options to make sure they get participation if this stock's ready to break out though upside and break through new highs. interesting plays. i played in as well. >> and are you in cisco? >> i am not right now. by the way that facebook, they've been coming after there. they have been signaling since breaking out. >> right there the pit boss. >> all right. coming up next, it's a documentary that is rocking wall street. billion-dollar bully is going after yelp and interviewing

businesses who say their ratings suffered when they refused to pay for the site's advertising. we are separating fact from fiction with the film maker behind the documentary and a yelp executive. that's next. plus just how high, how much those headwinds impact earnings season. we weigh in on the tech side. stay tuned. g. for that moment, when right place meets right time. and when i find it, i go for it. (announcer vo) at scottrade, we share your passion for trading.

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yelp getting hit yelp getting hit hard last week for billion dollar bully, a documentary that shows the unethical business practices of yelp. but they said it did not uncover new evidence. the film's zeroing in on claims from business owners who said their yelp ratings suffered when they refused to pay for yelp

advertising. take a listen. >> every time you hire advertisement, it comes with benefits. >> they really forcibly make you pay for their services or you get more and more negative reviews and it negatively affects your business. >> let's bring in the director of that documenta rydocumentary. thanks for participating in this discussion. caylee, i'm going to start off with you. we mentioned a firm, a wall street firm today dismissing your documentary and the claims it is making. this firm is called wanderlicht securities. every business has disgruntled users. are you making too much out of a few complaints? >> yeah, the documentary will touch on all three of those.

the harvard business study is often misleading to a lot of people. not the study itself, but i think a lot of people just hear the word harvard business study and they listen to whatever yelp says about it. but the study was actually done specifically on restaurants to example weather the star ratings had a strong impact on consumers' desire to enter those restaurants. the and it was a small group of restaurants in boston. yelp affects businesses all over. >> how about the ftc? the federal trade commission? >> yeah. i don't know how thorough that investigation was. and again, we will be touching on that a lot more in the documentary. but i have spoken with a lot of the lead attorneys in cases brought up against yelp, the attorneys who represented the clients against yelp. and the ftc never went to them for the documentation that those attorneys have, the evidence

that those attorneys have. >> shannon, i want to bring you in. it is unusual to have a company to put themselves out there to respond. noshlly they say let's let this thing go away. does this strike a cord in any way because of these past investigations? is there a concern on your part that there is a conception even that there are una ethical situations going on? >> we're making sure facts transcend the conversation. dismissing ftc and five federal judges who found no wrong doing and a harvard business school study. there's a different one that looks specifically at our recommendation software and draws no connections. though dismissing all of that seems a little weird when all of it has very exhaustively debunked the claims but why we're here is it's important for the facts to speak.

we want to create and continue to drive transcends all of this. >> kaylie, how did you get on this project? did you yourself use yelp in any way? did you have friends who got burned or had problems? >> it wasn't through friends. i did use yelp to look at businesses to see if there were places i wanted to go to or not and i went to my physicians one day and she began to tell me about her experiences with yelp. and i was floored by the things that she told me. i went home and began to investigate it. and the more i dug, the more i found. and i thought that this was a story that should be told. because i didn't know about any of the things that were going on with yelp and i asked my friends if they knew. they weren't aware of these allegations against yelp either. and i thought the story should be told and i can offer a platform in order to do that. >> so going beyond the people you've talked to. when you say exhaustive

investigation, what do you mean by that? how many people have you talked to? you're willing to dismiss an ftc investigation which found nothing wrong and say yourself that maybe they didn't do a good job and you're doing a better job. >> i'm not dismissing what they said. i am going to touch extensively on that in the documentary and i will let the experts speak for themselves. >> you say that she has a conflict of interest. >> i do. i mean, we're here today because she's raising money on kickstarter to fund her film. but what's important to state is we did discover through the software largely being contested here that she herself had created three sock puppet accounts to create false five-star ratings of her husband's law firm. her husband who is also listed as the cfo for this production that we're fund raising for as a result of this media. so i think it's important to say that the accusations she's making, she's actually been a part of on the back end and the software process that we're talking about that helps protect

consumers and present true and authentic reviews was something that triggered finding her false reviews on the site and suppressed them. >> kaylie, you want to respond? you get the last word. >> i do. yeah, i did create several different profiles and i wanted to investigate and see what happened to the various reviews that i left. not just on my husband's site. on many websites. to see what it was -- what happened to those reviews. and i think it's shocking and very telling that this billion-dollar corporation has come after this grassroots, very small production company where there are only two of us. myself and my associate producer melissa wood creating a documentary that we are still in production over and we released a two-minute video online and yelp has fired back with all of that. this billion-dollar company versus this grassroots organization. i think it does clearly show that they are concerned about what will be coming out in the

documentary. >> i think that's an unfair statement. this has been going on for weeks. we released one two-sentence statement and let it go. when it's to the point where the same misleading activity is now trying to fund raise to further this conversation, we have to step in and really make sure facts and gravity are at the center of this which is what's the right thing to do for users. >> one last question. are you going to sue her? >> i can't speak to legal proceedings, but it is absolutely not on the table right now. >> thanks for coming on. it was a great discussion. and very civilized at that so we appreciate that. important to note in this, they said that billion dollar bullying is a buying opportunity. >> could be. >> could be. >> yelp is a huge valuation. 22% short interest. those are all the compelling reasons to buy it. i'll mention this and i'm not saying -- but go back and look at what happened to the stock sea world when that documentary came out, black fish.

and the drop we saw in the stock. i'm not saying there's guilt or innocence here. i'm just pointing out the price action in the stock once the doc came out. could happen with yelp. >> i don't want to -- but just so viewers know, we did look at the performance of seaworld after "black fish" and we're not trying to say this is the same thing. but public perception of a stock in a business can be influenced by something like this. after "black fish" was released, one month after wards it was down. one year afterwards, it was down 25%. it could have been gone down for a host of other reasons. >> so listen. i think yelp in and of itself o for a long-term investment is going to be tough until you have this issue resolved. it's probably not going to resolve for quite a bit. that being said, you had that gap down. when the earnings came out back in february. it looks like it wants to fill that gap. you're going to use 44 at your stopoff point. i think just a pop in the

short-term. >> if you were going to do it, you'd have to do it with options, i think. i look at this stock right now. guy points out the valuation, the short interest. it can work in both intersections. also there's a reason people are over 20% short interest in the stock right now. >> you know, the stock -- the problem has always been barriers to entry on this one. but to me it's always a take out candidate. i think it still remains that. support is 42, 44 as bk said. >> coming up next, is an earnings recession coming? setting the strong dollar as a catalyst. behind that call and just how worried he is over the greenback when he joins us live after the break. and later unlocking your car by the power of your eyes. the latest in auto security and

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♪ still ahead on "fast money" live from ♪ still ahead on "fast money" live from the nasdaq in new york city's times square, could the dollar rally lead to a recession? we have an analyst to tell you why he's worried. unlocking your car with your eyes. we've got an exclusive look at

an exclusive technology. plus how you can trade the phenomenon. and goldman sachs downgrading one chip today. and vidia goes up against micron in "fast money" challenge. we start off with the strong dollar and the stock market bank of america merrill lynch finding all recessions since 1970 were preceded or coincided with a sharp rise in the u.s. dollar index. the firm calculating there was a 10% decline when the dollar was up 25% over a 12-month period. the dollar down a bit today. but it's still soaring 20% over the past year. it's a situation one top analyst says should concern investors. rick who covered the software sector recently cut estimates across the space due to currency worries. he joins us here. great to have you with us. >> thank you. >> i was looking through the note. we all know there's going to be some sort of impact particularly in software. it seemed like a lot of your assessment of the impact is sort of a medium incremental impact.

is it just that investors are not prepared for it? >> it's a pretty big hit this year. earnings in my sector were up 21% last year. up about 11% this year. most of that being currency. of course with the dollar versus the euro changed about 23%. i think earnings will be hit about -- revenues will be hit about 15% in the first quarter. if you look at a basket of currency. this goes well beyond software. this is real economics. it's not just a translation issue. it does affect business as well. >> the markets often anticipate things like this. that this is sort of in the stock already? >> i think most investors in software are interested in underlying earnings power and momentum of business. so i think intuitively they know currency is having a big negative damper. but i think what will be important is going into the print. there's going to be a lot of volatili

volatility. they'll say that's different than i thought. hopefully the companies are smart about this and put the constant currency number in the press release. otherwise people will think there's lots of misses and it will be lower but it's forcastable. if we preview companies correctly, people will look at the currency numbers. this is going to be with us for the next year. so it's very important people look at constant currency numbers. >> it's going to take awhile though. these companies always list their constant currency earnings and that's not the number really that the stocks move on. so at least in the near term are we going to see people, investors who are unable to grasp that concept and look through? >> i think with oracle we previewed the street previewed pretty effectively to look at constant currency. i think people had a chance to absorb on a currency basis as a little above the mean. i think we'll be okay as long as the previews and the companies in the releases give the street

what the cost of currency numbers are. >> rick, since their announcement a few years ago, both stocks have been sideways on what has been a tremendous broader market. what's the problem with stock vm ware. >> suffering from a high penetration market in a core business. the comps have just slowed down. you're probably looking at single digit revenue growth this year. and that's troubling to the street. the concern is they've saturated their core market. they've got other products that are management products that will help over the next couple of years. but the market is moving to the cloud. i just don't think you need vm ware as much in the cloud. they suffer from controversy over whether they're just offsides. >> can you talk real quick about a name that doesn't get talked a lot anywhere else. where do you stand on that and how does that whole thing affect the dollar and everything else?

>> there's a real big trend that's just getting started and that is moving on premise software over to the cloud. you've been able to do that with sales force and other companies that are more line of business or edge applications. but s.a.p. does your core financials, your core manufacturing spoft ware. now make it possible for you to do real hard core mission critical applications in the cloud. so you're going to have thousands of on-premise customers beginning to migrate to the cloud. it'll be a big benefit for s.a.p. and oracle. but it'll take a long time to execute that transition. so it's going to hurt your business. so the street needs to bridge over and look at the traction these companies have in the cloud. i think they're effectively doing that with oracle now. they'll begin to do that with s.a.p. but what's possible with this new platform, not only can you outsource your i.t., because their realtime data bases allow

you to come up with new processes that turns these systems from a system of record that helps you close your books at the end of the quarter to something proactive, all that data is live and you can have all new realtime business processes. i think this is the next big wave in the mission critical side moving to the cloud will be exciting for them over the next five to ten years. >> rick, great to see you. thank you. >> it's amazing when he talks about the move over the the cloud. when you ask people what their favorite space was, they're in a sweet spot with market cap. right in that in between stage. i would still say with crm. >> i think oracle seems like the mojo is back with the stock. so make me pick out of the coverage list. >> times for pops and drops. we've got a pop for tenet health

care. >> off kennedy's comments when he was a little skeptical over appealing obama care. we get the final result or ruling on that this summer. you could see a further pop going into that. i would say stick with these names, the hospital names as long as they're positive on the year and this one is up about 2%. >> drop for kansas city southern. >> yeah, big drop. no bueno. there are some signs out there the economy is slowing. this is one of them. stay away. >> this is a stock that's up and also off the lows. because of declining sales to look at the volumes, the margins, everything seems to be going wrong. herb life might have helped them a little bit today as far as that.

>> speaking of -- herbalive. >> i like that. it's like yin and yang. >> i saw that in the news now. heard some chatter about potential add campaign. the reality is if you look at the stock since the beginning of 2014 a series of lower highs, lower lows. i think that's what we're seeg. pete mentioned a dead cat bounce. i think that's what we're seeg he here. imagine unlocking your car with the power of your eyes. that technology may be much closer than you think. phil lebeau is live with this story. >> this is very cool technology. this is what it's all about. it's called eye lock technologies developed by a product called eye lock incorporated. works like this. they have infrared cameras that will scan both irises. you look into the visor.

it could be mounted into the instrument panel. if it's a match because you've already put your iris scan into the memory of the vehicle, that allows you to start it up. we expect this to be in cars within four years or so. insurance companies are looking at the possibilities here because it has the potential not only to guarantee who's driving. i've got to number of people saying is it possible that if melissa lee had a car that i could jump in there if the door's open and start it up? not likely. single eye. both eyes which this system measures. one in several trillion. that's why the folks who are working with eye lock on an aftermarket believe this is going to be highly sought after looking for auto security. >> with iris authentication, you know who the driver is. so you could think that a fleet would be a tremendous value in using that information to know

how long a driver has been driving. he is the authorized driver for that period. and of course one of the big ones is just protecting your vehicle from theft with this very unique identifier. >> you heard him talk about fleets. that's going to be a big part of the application for this software. when you think about trucking firms, delivery firms want to make sure the right driver is driving at the right time. they can use eye lock potentially in the future to do that. another application that the company is looking at is the possibility of iris scans for trusted traveler identification. so don't be surprised at some point in the future if you see this technology being used at airport security check points. it's still early and there's a number of years before we'll start to see these applications. but at least with the automobile, melissa. we will be seeing this along with other eye monitoring software coming to market rather quickly here. the potential is enormous.

>> wow. that's really cool stuff. phil, thank you very much. i would think that the applications are way beyond just tsa and a car. but anyway, in terms of connected car, there are many ways to play this. we've got mobile eye. >> you know what i'm going to say is black berry because you have all the middle ware. and that's my thesis. they are the connected car. i'll let everybody else speak now. >> we actually have no time. >> oh. >> we have a market flash here. meg tirrell has details. >> whiting petroleum is falling after plans of saying to sell 30,000 shares of stock. in the after-hours shares are down almost 12%. we also got a little update on chesapeake energy. increased his stake to 73 million shares from 66 million at the end of last year. now that's up o to an 11% stake.

back to you. >> all right. thank you very much. so whiting petroleum, a stock that has been creamed in the past year does a secondary, maybe at its lows. here we are. >> we saw this -- we've seen a couple of these the last couple weeks. these are cash-strapped companies alternati alternative. coming up on "fast money," we're diving to the second week of our fast money madness tournament. tonight it is a tale of two chip stocks. nvidia and micron. which chip will be chopped? the battle begins after the break.

it's it's week number two in or fast money tournament. throughout the competition we'll have exclusive previews each day on cnbc.com/pro. tonight we're heading back to the chip space with a match between nvidia and micron.

nvidia stock under pressure today. don't forget your vote counts too. log onto twitter using #fast money madness. the viewer favorite will count as one vote and used to break a tie which it has done in a few matchups. each trader gets 30 seconds. 30 seconds on the clock. pete, kick it off. >> i'm started with nvidia as the one i like over micron right now. the reason i do is look at this last quarter. record numbers in q4. some numbers impressive. i think what really impresses me most is them branches themselves out. we just got done with phil lebeau talking about cars. this is one of those that's getting themselves into the automobile world. because of that we have growth. that's why i like this company over micron. >> i like nvidia. their chips are now getting multiple use cases. nobody's ever thought about and all of a sudden it hits the

stock. i don't think a lot of people have thought about the use cases here. it's a little bit. some of the earnings were better than expected but there's a lot more here that can be done with the stocks. artificial intelligence is one reason there. and of course bitcoin mining. >> of course. grasso? >> three votes for nvidia. >> wow. >> they've already established why they like nvidia. i do like micron, but they're too dependent on d-ram prices. they have no signs of life. they're 70% dependent on it. nvidia has their own gaming system. they're going to be the disrupters in the gaming system against microsoft and sony. the stock looks great. stock up 18% against the inverse micron is down 18%. >> what you have to say doesn't make a difference. >> as usual. like a typical show. it's like every night of the week. >> go ahead.

>> and a triple. because i'm with these cats. >> really? >> there's four. >> four. >> good point. >> anyway. make your case. >> i think d-ram prices have topped out. microsoft has been under pressure. nvidia had a nice move to the upside. i think nvidia trades up to the high of 26. and given the world we live in there's always that talk that somebody might come in and gobble up nvidia. not the reason but it's out there. >> so four on the board for nvidia. which means it advances. >> moving on. >> on twitter you guys said micron. >> we were wrong. >> now they'll go against intel. tomorrow we'll head back to our internet conference with the matchup between sales force and yahoo!. log onto cnbc.com/pro for exclusive previews ahead of each match. all right. the bulls are circling.

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it's it's been a rough month for freeport-mcmoran.

>> we saw well above average call volume in freeport-mcmoran. a lot of that was a result of one very large trade that took place where someone was buying the may 2023 call spread. they partially financed that by selling the other calls. they were adjusting a position to make it a bullish bet targeting probably about $23 by may expiration. a trade that makes some sense. it was probably better to make a bullish bet given this is a company with a lot of debt and not a lot of cash. >> guy, what would be your call? >> every stock in the last couple of years has been an opportunity to sell it. maybe it's different this time. it was up almost 7% on friday. i don't know. you know, i'm more -- i've been in the camp. it's got to prove me wrong and hasn't done so for three or four years. >> all right. mike, thank you.

for more options action, check out the show on fridays. coming up on "mad money" tonight, cramer has got a big exclusive. a rare interview with the ceo of 3m. plus jim's putting some under the radar biotech names under the microscope and giving his take on william sonoma. all that ahead on "mad money." stay tuned. you can find a new frontier. there's nothing stopping you,

and a lot helping you. technology that's with you always. this is our promise. it's never been better to wander, because wherever you go, you'll find us doing everything we can, so you can.

♪ before ♪ before we get to the final trades, we want to wish a congratulations on the birth of his baby boy at evan matthew kohlman. time for the final trade. pete najarian. >> we talked about oil. and right now the way i saw the paper come into conoco phillips today, i like this stock. very short-term. trade but i think it's going higher. >> brian kelly. >> bk first of all wishes ek evan kohlman welcome to the world. number two, emb. that's the way to do the emerging market bonds. weaker dollar will help these.

>> phh corp. it's long money. >> guy. >> bp speaks at a conference tomorrow. good looking kid by the way. >> very adorable. i'm melissa lee. thank s for watching. meantime don't go anywhere. "mad money" starts right now. my mission is simple, to make you money. i'm here to level the playing field for all investors. there's always a bull market somewhere and i promise to help you find it. "mad money" starts, now. >> hey i'm cramer, welcome to mad money. welcome to cramerica. my job is not just to entertain but to teach and educate. call me at 1-800-743-cnbc or tweet me at jim cramer. sometimes you have to ask yourself, what if. sometimes you have t